BUDIMEX SA (4/2018) Selection of Budimex's offer by GDDKiA

The Management Board of Budimex SA announces that on February 13, 2018, it was informed by the General Directorate for National Roads and Highways - Branch in Olsztyn about the choice of the Company's offer as the most advantageous in the contract award procedure for "Design and construction of the S61 Szczuczyn - Budzisko expressway (Greek state) with division into tasks: Task No. 3: section: Wysokie node - Raczki '. Value of the contract: PLN 393,729.848 net Date of commencement of works: day of contract with the contractor Deadline for completion of works: 29 months from the date of the contract The warranty period is diversified for individual elements works and ranges from 5 to 10 years Period of warranty for defects: 60 months Advance payment: from 5% to 10% of the Accepted Contract Amount Terms of payment: up to 30 days from delivery to the Orderer VAT invoices issued for the amounts certified in the Payment Certificates Bank guarantee of good performance: 10% of the offer price Total amount of contractual penalties due to the Ordering Party will not exceed 20% of the Accepted Contract Gross Amount Penalties paid by the Employer : 15% of the Accepted Contract Amount due to withdrawal from the contract due to reasons attributable to the Ordering Party The Purchaser is entitled to supplementary compensation that transfers the amount of contractual penalties to the amount of damage actually suffered. Each of the penalties is independent of each other and the Employer has the right to claim each of them independently of the others. The value of the offer exceeds the threshold of 111 446 thousand. net PLN.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Budimex SA
Adress: ul. Stawki 40 01-040 Warszawa
Phone:+48 22 6236000

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